He will be the first cryptocurrency policy and blockchain technology expert to take the reins at the SEC.
The appointment of the former CFTC chief "is expected to put an end to the four years of rule-easing" that Wall Street has enjoyed under Jay Clayton.
Current rules have "not resulted in disclosures of a scope, breadth, and quality to be sufficiently useful to market participants and regulators."
BNP Paribas personnel deliberately traded to move the ISDAfix benchmark in a direction at the precise time it was being set, says the CFTC.
Amy Shelly of Options Clearing Corp. faces several challenges in replacing the organization's outdated platform.
The first-ever spoofing case against a bank alleges traders placed large futures orders to create a false appearance of market interest in a commodity.
The CFTC orders the investment bank to pay up in response to charges that traders deliberately influenced a U.S. global dollar benchmark.
The CFTC also said Credit Suisse submitted false or misleading information to show it was in compliance with position limit rules.
The settlement is the largest among the five banks that have admitted LIBOR-rate misconduct.
A report by the Volcker Alliance calls for a "long-delayed" reshaping of the U.S. bank regulatory system.
Insinuations of market manipulation accelerate another upheaval in finance.
Regulators like the FINRA are taking a closer look at broker-dealers just as accounting missteps are on the rise.
